Apple computer's "smart team" is an example of a firm that succeeded by: encouraging each manager to focus on a well defined area of the business and build his own specialized department. bringing together a group of talented and experienced managers to conceive, develop, and market products. emphasizing a low price and low cost strategy right from the beginning. assembling a group of employees whose inexperience was a plus, because they did not come with the baggage and institutional ideas of larger companies.

Consider the country of morrow which is currently operating at full employment. suppose there is a decrease in investment

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

There are three factors that can affect the shape of the treasury yield curve (r* t , ip t , and mrp t ) and five factors that can affect the shape of the corporate yield curve (r* t , ip t , mrp t , drp t , and lp t ). the yield curve reflects the aggregation of the impacts from these factors. suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the us treasury yield curve can take. check all that apply.a. downward-sloping yield curveb. upward-sloping yield curvec. inverted yield curve